Caprolactam Companies

Caprolactam Market

August 2023- Vadodara-based Gujarat State Fertilisers and Chemicals Ltd. (GSFC) has lined up a capex of Rs 4,000 crore. VD Nanavaty, ED, Finance & CFO of the company, said that a fourth plant for ammonium sulphate would be coming up by December this year. This plant will have an annual capacity of 1,32,000 metric tons. Nanavaty said that the Ammonium sulphate fourth plant would be coming up this calendar year (December 2023), and that is a 1,32,000 metric tonne fertilizer plant. It will run at full volume, maybe next year.

Similarly, the company has a small plant of HX crystal that will also be coming up in the stream next year. He further added that three more plants will be commissioned next year. These include HX crystal, a sulphuric acid fifth plant, a solar power plant of 15-megawatt capacity, and one more plant of urea (revamping), which will also be coming up by, say, March 2025. These are with a capex of around Rs 450 crore.

February 2023- High energy rates have already hit a crack to European competitiveness in chemical manufacturing. They are at present inducing BASF to lay off thousands of employees and shut down sections of its flagship facility in Ludwigshafen, Germany. BASF posted a loss of about USD660 million for the year, mostly owing to charges of USD6.7 billion related to its decision to withdraw its Wintershall Dea oil and gas affiliate completely from Russia. Without those charges, the firm's profits would have been roughly flat compared to 2021. The war in Ukraine has sharply reduced natural gas supplies in Europe and boosted BASF's energy bill on the continent by USD 2.9 billion in 2022. In Germany, overall chemical industry production decreased by 12% last year. BASF chairman Martin Brudermüller said in remarks to stock analysts that the past year has taught us all a harsh lesson: peace and economic stability must never be taken for granted.

Major Caprolactam market players, including BASF SE (Germany), Honeywell International Inc (US), Kuibyshevazot (Russia), China Petroleum & Chemical Corporation (Sinopec Limited) (China), and others